The earnings call reflects a positive outlook on production growth and asset performance, particularly in the Uinta Basin, despite facing challenges with cash flow constraints and increased operating costs. The company is strategically managing commodity price volatility with hedging measures.
Company Guidance
During the first quarter 2025 earnings call, SM Energy provided several key metrics and guidance for the year. The company anticipates a 30% increase in oil production and a 20% rise in total production for 2025, marking a significant scale-up. In terms of operational plans, they have reduced their rig count from nine to seven, with plans to drop to six rigs, while maintaining flexibility based on commodity prices. Throughout the second quarter, a modest increase in production is expected, with a major surge projected for the third quarter. SM Energy also highlighted their commitment to reducing leverage to around 1 times, focusing on debt reduction over share repurchases, particularly with current oil prices below $60. Additionally, they are focusing heavily on the Uinta Basin, with 90% of their program targeting the lower cube, and expect to maintain their capital expenditure guidance despite potential non-operational activity.
Increased Production Plans
The company has plans for a 30% increase in oil production and a 20% increase in total production for 2025, indicating a significant growth trajectory.
Uinta Basin Asset Performance
The integration of Uinta Basin assets has exceeded expectations, with strong performance noted in drilling and completion efficiencies.
Operational Efficiency
Innovation in drilling and completion has driven capital efficiency, with expectations of further improvements in future designs.
Strategic Hedging
The company has employed strategic hedging with $55 floors on costless collars, protecting a favorable free cash flow level.
SM Energy (SM) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SM Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 01, 2025
$23.67
$22.82
-3.59%
Feb 19, 2025
$38.48
$36.78
-4.42%
Oct 31, 2024
$41.39
$39.72
-4.03%
Aug 07, 2024
$38.26
$42.44
+10.93%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sm Energy Company (SM) report earnings?
Sm Energy Company (SM) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Sm Energy Company (SM) earnings time?
Sm Energy Company (SM) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.